automated transaction. A contract formed or performed, in whole or in part, by electronic means or by electronic messages in which either party’s electronic actions or messages establishing the contract are not intended to be reviewed in the ordinary course by an individual. UCITA § 2-102(a)(7), 102:10UC; UETA § 14.
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National Association of Securities Dealers Automated Quotation system. A computerized system for recording transactions and displaying price quotations for a group of actively traded securities on the over-the-counter market. — Abbr. NASDAQ.
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e-contract, n. 1. POINT-AND-CLICK AGREEMENT. 2. Any type of contract formed in the course of e-commerce by (1) the interaction of two or more individuals using electronic means, such as e-mail, (2) the interaction of an individual with an electronic agent, such as a computer program, or (3) the interaction of at least two electronic